The prince’s bonus comes after he inherited the estate from his father, King Charles, who was crowned king after the death of Queen Elizabeth II. In his new role, he’s now entitled to t…
“William has some explaining to do because a change of monarch and heir is no excuse to row back on what little transparency there is,” Graham Smith, chief executive of Republic, said in a“As the recipient of public funds from the state-owned Duchy he should be reporting his income and expenditure,” he continued. “As Duchy profits appear to be growing to a record $30 million, it’s time we demanded the return of the Duchies to the people and for revenue to be spent on local communities.
According to royal accountants, King Charles was entitled to $14.2 million of the surplus from when he was the former Prince of Wales. Meanwhile, Prince William, whose title had changed to the Duke of Cornwall for the last six months of the last financial year, is entitled to $16 million. “I am committed to the cause of tackling climate change and I am proud of the estate’s efforts to contribute to this challenge,” he said.
A statement from Buckingham Palace, as reported by several outlets, said Kensington Palace will not be releasing a report this year as it’s been a year of transition, following the Queen in September 2022.
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